Comments on: Small Business Credit Cards - What You Need To Know?

By: Shane

Shane — Thu, 23 Oct 2008 14:13:17 +0000

“Can a consumer transfer a balance from a business credit card back into a consumer credit card?”

Yes you can but you do not want to mix personal and business finances if you have an LLC or Corporation as it could remove your status and label you as just a sole-proprietor or partnership. Just make sure if you do the balance transfer to not use the personal card for anything personal until all of the business expenses are off. I would wait another billing statement too.

By: Paul Finkenbinder

Paul Finkenbinder — Thu, 16 Oct 2008 21:18:57 +0000

I’ve lost how to address my AMEX information on line. Please help.

By: FUCK AMEX

FUCK AMEX — Wed, 01 Oct 2008 17:17:32 +0000

I have a personal AMEX card and a Business card. I was attempting to build my personal credit score through responsible use of the AMEX Business card. I was disappointed to find that they don’t even report the Business card account to any of the major 3 credit reporting agencies. They will not report my business account with or as a separate account on my personal Equifax report. I asked why and 2 reps said “We just don’t- it’s not our policy to report unless you become delinquent by 120 days.”

THEY TOLD ME THE SAME THING, THEN TOLD ME THEY COULD IF I CALLED THEIR CREDIT DEPARTMENT… NOW THEY ARE TELLING ME THE SAME THING AGAIN.

By: Beth

Beth — Mon, 16 Jun 2008 22:30:05 +0000

Can a consumer transfer a balance from a business credit card back into a consumer credit card?

By: Kyle

Kyle — Mon, 24 Mar 2008 13:21:52 +0000

By: Jason

Jason — Thu, 07 Feb 2008 01:23:18 +0000

I spoke with Advanta recently and they confirmed that they do actively report to business credit bureaus. And they only show up on personal credit for the initial inquiry and possibly after default. So I was given the impression that they don’t just “reserve the right” to report biz credit, they intentionally report pay history.

By: Deb

Deb — Mon, 20 Aug 2007 20:46:48 +0000

I have a Chase business card, and I do not have any employees, and Chase does not report it to the 3 Consumer agencies, Equifax, Experian, or TransUnion. I thought that it was odd, but true. I have no idea if they report to Dun & Bradstreet though.

By: Erik

Erik — Thu, 14 Jun 2007 14:51:21 +0000

Don’t listen to this guy. Chase does report to the personal credit bureaus. I listened to his advice and now I have a credit card that reports to my personal credit. And yes, It is “Small Business Credit Card”.

Acutally, you can listen to him but do additional research. He has decent advice, but it is just not thorough enough.

In order for Chase to report your credit to Dun & Bradstreet, you need to have at least 100 employees.

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